Views on Life & on Equity Investing

Wonder, Wealth & Abundance

Industries to avoid in 2017 on Moral Grounds

with 9 comments

Cigarettes – Causes cancer

Private Hospitals – Most hospitals are driven by money, it should be a noble profession and promote/improve state hospitals

Banks,  NBFC  – It is a Haraam business, makes rich richer based on interest income, go for Sharia banking, if at all

MFI – Same as above, but to lower economic strata, let poor die or go to loan sharks, stock market is only for the rich by the rich

Cement, Steel, old manufacturing businesses – Prevents new wonder materials and green products from reaching critical mass

Oil – Global warming, go for Tesla / Chevy Volt etc.

Plastics, Furniture, Footwear – They use frozen form of fossil fuel

Leather footwear – If you are vegan / animal rights activist, you should know the pain of animals

Chemicals – Will you allow your country to be polluted just because China has woken up and imposed restriction on their chemical industry

Schools, Education providers – Private education providers are driven by money not by a sense of mission

Garments – 90% plus is non cotton, so its frozen oil / plastic / polyster. Cotton is also 99% polluted with pesticides

Seeds – Patents make poor farmers dependent on the companies for disease resistant strains

Fertilizer, Chemical, Insecticides, Fungicides – Out crowding organic farming, no support to local community, commercialization, and slow poisoning of humans, increase incidence of chronic illness

IT – Cause of chronic illnesses, long work hours, modern sweat shops

BPO – In human working hours, distrubs normal body clock and circadian rhythm

Food, Beverages, Drinks, Biscuits – All are killing you slowly, eat what your ancestors could recognise 2 million years back as food, i.e. nuts, seeds, leaves, who grains, fruits, meats, eggs, vegetables. #non_paleo

E-Commerce – Kills vintage classy businesses, local store, affects rural economy, mom-n-pop shops

Casino / Stock Exchange – Causes gambling addiction (NSE IPO, BSE IPO, Delta Corp. etc)

EDIT: Forgot to add 15 more industries due to lack of time. Added Food, E-commerce, Stock Exchange

 

Written by amitdipsite

January 1, 2017 at 3:06 am

Posted in Uncategorized

9 Responses

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  1. Slightly different question..
    Can you please guide me learn Kriyayoga Meditation? If anybody whom I may contact? I live in Jaipur, India.

    Aditya Maheshwari

    January 1, 2017 at 5:41 am

  2. Watch Ryan’s videos Preparing for Kriya Yoga Initiation – Preliminary…: http://youtu.be/zghw06KOgFY

    amitdipsite

    January 1, 2017 at 7:56 am

    • Sincere thanks for replying.
      I shall go through the same and request / ask you further if got confused somewhere.

      Aditya Maheshwari

      January 1, 2017 at 4:41 pm

  3. Amit – Happy new year! This is a trick post 🙂 While you’ve generalized the impact of these sectors on moral grounds, think about millions of people who are able to put food on their table because of the job opportunities from these industries.

    On a different note, thanks for your posts about MFI and also sharing your strategy to move to NBFCs and HFCs. Apart from these, what other sectors are you betting on for the next 3-5 years post Demonetization?

    Srini

    January 1, 2017 at 9:58 am

    • Hello Srini, Still thinking about it, will update once I am confident.

      amitdipsite

      January 2, 2017 at 4:02 am

  4. Hi Amit,

    Happy New Year. Ha Ha Ha.. I was wondering if you are going through a mid life crisis like I do.. Jokea apart. While you mentioned in the post about Industries to avoid and have a huge list which almost captures the majority of the businesses, I thought that it would have been easier to concentrate on things that we should focus on. Wouldnt that be simple. I know that most of the stuff in our life is garbage but we dont want to focus on that. All we need is to focus on the things we need or we care for in my opinion. I may be wrong but just thought of registering my opinion.

    On a side note, I am going to ask a totally unrelated question to the post. I know that you were very kind to answer it as comment in different posts but is there a post that I can access where you mention about the brokers/agents that are best to deal with for international investing (APAC,Europe, US, LATAM etc) ?

    This is a wonderful blog that I have been following for a long time. I relate with you from being a capitalist as well as a seeker. Most of the people think that a capitalist and seeker cant go together but I always have thought that there is no contradiction. A seeker is a seeker. They seek in everything from capitalism to mysticism to anything in life. Their only purpose is to seek and that is what keeps them going.

    Apologies for the rant. Would appreciate if you could give pointers for the agents/brokers to invest in various regions.

    Keep up the great posts that I always enjoy reading.

    May you live with peace and happiness always.

    Regards
    Ravi

    ravi

    January 10, 2017 at 3:20 pm

    • Dear Ravi,

      Thanks for your wishes, same to you.

      Regarding ‘industries to avoid’, there is another angle, people hold flags and are in a nutshell humans are “a bundle of self definitions”, hindu / male / 35 years old / tall / short / extrovert / shopkeeper. We also hold flags of “holier than thou” like Damani and others saying “MFI should be a social sector”, its a complex system, British nationalisation of railways did not work, New Zealand nationalisation of schools worked, India’s failed etc. there are many parameters and human personalities which makes it not a mathematical equation. So, before saying “I am a holy person and I don’t buy a cigarette or MFI”, understand that by your actions and support of a pesticide company “more people may be killed over long term”, so its hard to guess, so we should not say we are more moral and that someone who does not believe in God is less moral or who buys a cigarette company is less moral. How do we know the person will not donate 90% of money to orphans and some of those orphans will lead the world. My rant ends…

      I cannot remember that post. I have posted previously on link to invest in Bangladesh, Kenya, Nigeria. Which country are you interested in ? The way I do is to go to the stock exchange website of the country, check the link to brokers, email a dozen of them. For USA/Europe Interactive Brokers are quite good

      All the best

      amitdipsite

      January 11, 2017 at 6:36 am


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